EUR/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 10/23/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 164.13 JPY

My targets

165.20 JPY (+0.59)

167.90 JPY (+3.29)

My analysis

The bullish trend is currently very strong on EUR/JPY. As long as the price remains above the support at 164.13 JPY, you could try to benefit from the boom. The first bullish objective is located at 165.20 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 167.90 JPY as an objective. Crossing it would then enable buyers to target 169.54 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/JPY price is 164.61 JPY. The price has increased by +0.87% since the last closing and was between 163.17 JPY and 165.02 JPY. This implies that the price is at +0.88% from its lowest and at -0.25% from its highest.

163.17

165.02

164.61

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/JPY chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	163.45	163.61	164.13	164.61	169.54	172.65	175.06
Change (%)	-0.70%	-0.61%	-0.29%	-	+2.99%	+4.88%	+6.35%
Change	-1.16	-1.00	-0.48	-	+4.93	+8.04	+10.45
Level	Intermediate	Intermediate	Intermediate	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	161.87	162.32	162.76	163.21	163.65	164.10	164.54
Camarilla	162.95	163.03	163.11	163.19	163.27	163.35	163.44
Woodie	161.86	162.32	162.75	163.21	163.64	164.10	164.53
Fibonacci	162.32	162.66	162.87	163.21	163.55	163.76	164.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	159.92	160.89	161.68	162.65	163.44	164.41	165.20
Camarilla	162.00	162.16	162.32	162.48	162.64	162.80	162.96
Woodie	159.84	160.85	161.60	162.61	163.36	164.37	165.12
Fibonacci	160.89	161.56	161.97	162.65	163.32	163.73	164.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	147.30	151.22	155.64	159.56	163.98	167.90	172.32
Camarilla	157.76	158.52	159.29	160.05	160.82	161.58	162.34
Woodie	147.54	151.35	155.88	159.69	164.22	168.03	172.56
Fibonacci	151.22	154.41	156.38	159.56	162.75	164.72	167.90

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	69.11
MACD (12,26,9):	0.3800
Directional Movement:	17.17
AROON (14):	71.43
DEMA (21):	164.86
Parabolic SAR (0,02-0,02-0,2):	165.01
Elder Ray (13):	0.10
Super Trend (3,10):	164.06
Zig ZAG (10):	164.65
VORTEX (21):	1.2800
Stochastique (14,3,5):	71.61
TEMA (21):	164.98
Williams %R (14):	-32.14
Chande Momentum Oscillator (20):	0.22
Repulse (5,40,3):	-0.0600
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.20

MA7:	162.92
MA20:	162.26
MA50:	160.89
MA100:	164.70
MAexp7:	164.70
MAexp20:	164.35
MAexp50:	163.77
MAexp100:	163.35
Price / MA7:	+1.04%
Price / MA20:	+1.45%
Price / MA50:	+2.31%
Price / MA100:	-0.05%
Price / MAexp7:	-0.05%
Price / MAexp20:	+0.16%
Price / MAexp50:	+0.51%
Price / MAexp100:	+0.77%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on EUR/JPY. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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